Ukraine’s GDP in January 2020 decreased 0.5%, the Ministry of Economic Development, Trade and Agriculture has said based on information from the State Statistics Service.
“In January 2020, the decrease in the Composite Production Index was 2.6% and, accordingly, the decline in GDP was estimated at 0.5%,” the ministry said in a review of economic activity for January, released on Friday.
(C)INTERFAX UKRAINE 2020
Zenny is so far an utter failure!
This is the first drop in GDP since 2016. Well done Zelensky, your Russian masters will be proud of you.
Is there anything positive about Zelensky’s presidency? Anything at all?
I had warned a few Zelensky fans in Ukraine before the election. I hate it when I’m right about a negative thing!
Even though I am not so happy with Zelensky: it is perfectly normal that the economy contracts somewhat in January: this can be offset by growth in other months. This happens in most countries.
In December, expenditure goes up because of the Christmas holidays. So it is not strange if the economy contracts a bit one month later.